Appendix B

Business Use of “Listed Property”

Prior to 1984, computers, automobiles, and other types of personal property were eligible for annual depreciation deductions with accelerated rates and recovery periods. Where such property was partly used for business purposes and partly used for personal purposes, the allowable amount of the otherwise available depreciation deduction was determined on the basis of the proportion of business use.

In 1984, Congress drew a sharp distinction between property used more than 50 percent for business purposes as compared to property having business use of 50 percent or less. Furthermore, for automobiles, additional restrictions have been imposed upon the maximum amount of yearly depreciation deductions. ...

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